LeCroy Research Systems

LeCroy Corporation – January, 2001. After more than 37
years of manufacturing modular instrumentation
for physics, LeCroy announced today that it will be ending production of its
CAMAC, VME, NIM and FASTBUS series of modular products in order to focus
operations on digital oscilloscopes and soon-to-be-released series of PXI
modular digitizers. LeCroy will continue to take orders for the modular products
until the end of June 2001.

The products being discontinued are used predominantly in high-energy physics
experiments at laboratories around the world, including Fermilab, Brookhaven,
TJNAF, CERN and KEK. LeCroy has leveraged their experience designing
analog-to-digital converters, time-to-digital converters, fast memories and
trigger electronics in the development of its line of digital sampling
oscilloscope (DSO) products. LeCroy entered the DSO marketplace in 1986 with its
9400 digital oscilloscopes, and is currently a leading manufacturer of DSOs.

LeCroy will continue to service our equipment at our service facilities in
New York and Geneva, Switzerland and via third-party relationships.

LeCroy, a U.S. Corporation established in 1964,
designs and manufactures digital storage oscilloscopes, signal sources, waveform
digitizers, and high-energy physics instrumentation. Manufacturing facilities
are located at Corporate Headquarters in Chestnut Ridge NY. Direct sales and
service offices are located throughout the United States, in all major European
countries, in Japan, and throughout Asia.